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Could there be economic growth without economic development?
no economic growth cannot be possible without devlopment
Why economics considered as a science?
Reasons for negative economic growth
What is necessary for economic growth?
the first and formost aspect in economic growth is human resource development..as we will do more investment in human capital by investing particularly in education and health, we ll get more growth in our economy..to develop the human resources is most important
Is it possible to achieve economic growth without compromising the environment?
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What is a economic crisis?
Economic crisis is wherein there is negative GDP growth lasting for two or more quarters. It is severe recession or depression.
Could there be economic growth without economic development?
no economic growth cannot be possible without devlopment
Does government have negative impact in economic growth?
Yes always
Why economics considered as a science?
Reasons for negative economic growth
What is the definition of recessive?
A decline in the business cycle. Starting from a decline in employment and production , which then lowers household income.
What do negative numbers represent in real world situations?
Loss or negative growth, mostly in economic matters temperature
What is necessary for economic growth?
the first and formost aspect in economic growth is human resource development..as we will do more investment in human capital by investing particularly in education and health, we ll get more growth in our economy..to develop the human resources is most important
What is global economic downturn?
When the globalized economy, the economy of all countries, are in negative growth.
Is it possible to achieve economic growth without compromising the environment?
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What is a economic crisis?
Economic crisis is wherein there is negative GDP growth lasting for two or more quarters. It is severe recession or depression.
Specific positive and negative effects of economic growth?
Positive effects of economic growth are mainly based in the fact that there is more activity, more to go around for all. The negative of this is that the resource rich are in a better position to hold on to their gains when the growth reverses/slows, further expanding the trench between the rich and poor.
Was the 2008 economic crisis a depression or recession?
The 2008 United States economic downturn was classified as a recession. A recession is defined as negative GDP growth for 2 or more consecutive quarters. In 2009 there was 3 quarters of negative growth before positive GDP began.
Are there types of economic growth?
Types of economic growth: There are two types of economic growth: 1.Balanced Economic Growth 2.Un-balanced Economic Growth 1.Balanced Economic Growth: All the economic sectors are growing at same ratio or percentage,this growth is known as balanced economic growth. 2.Un-balanced Economic Growth: When some sectors of the economy are growing faster than others,and their rate of growth is different to each other,this growth is known as un-balanced economic growth.
